Inventory Planning with Forecasting Expenditure

Discusses forecasting expenditure in detail.

Provides analysis of reduction and increase in the forecasting expenditure.

Highlights advanced concepts including procurement inventory, production planning, and priority planning in detail.

Examines an approach in relation to the inclusion of an explicit cost of forecasting.

Covers total cost formulation, modified total cost, relevant index, threshold value, and cost of forecasting in a comprehensive manner with the help of examples.